Asbestos Testing Market Report: Trends, Forecast and Competitive Analysis to 2030

Asbestos Testing Trends and Forecast

The future of the global asbestos testing market looks promising with opportunities in the residential, commercial, and industrial markets. The global asbestos testing market is expected to reach an estimated $592.7 million by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are rising concerns about the health risks of asbestos, increasing regulatory requirements, and surhe in renovation and demolition activities of older buildings.

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Asbestos Testing by Segment

The study includes a forecast for the global asbestos testing by product type, application, and region.

Asbestos Testing Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Asbestos Fiber Counting
• Asbestos in Bulk Materials
• Asbestos in Soils
• Asbestos in Drinking Water
• Others

Asbestos Testing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Industrial
• Others

Asbestos Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Asbestos Testing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies asbestos testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the asbestos testing companies profiled in this report include-

• Hill Laboratories
• Pinchin
• Safety Coordination Services
• Exova
• EMET Environmeteo Services
• Safe Air Fast
• Envirolab Services
• Eurofins Scientific
• Asbestex
• RJ Hill Laboratories

Asbestos Testing Market Insights

Lucintel forecasts that asbestos fiber counting is expected to witness the highest growth over the forecast period.

Within this market, residential is expected to witness the highest growth due to high number of constructions activities across the globe.

APAC will remain the largest region over the forecast period due to growing disposable income and increased construction activities in this region.

Features of the Global Asbestos Testing Market

Market Size Estimates: Asbestos testing market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Asbestos testing market size by product type, application, and region in terms of value ($M).

Regional Analysis: Asbestos testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the asbestos testing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the asbestos testing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the asbestos testing market size?

Answer: The global asbestos testing market is expected to reach an estimated $592.7 million by 2030.

Q2. What is the growth forecast for asbestos testing market?

Answer: The global asbestos testing market is expected to grow with a CAGR of 5.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the asbestos testing market?

Answer: The major drivers for this market are rising concerns about the health risks of asbestos, increasing regulatory requirements, and surhe in renovation and demolition activities of older buildings.

Q4. What are the major segments for asbestos testing market?

Answer: The future of the asbestos testing market looks promising with opportunities in the residential, commercial, and industrial markets.

Q5. Who are the key asbestos testing market companies?

Answer: Some of the key asbestos testing companies are as follows.

• Hill Laboratories
• Pinchin
• Safety Coordination Services
• Exova
• EMET Environmeteo Services
• Safe Air Fast
• Envirolab Services
• Eurofins Scientific
• Asbestex
• RJ Hill Laboratories

Q6. Which asbestos testing market segment will be the largest in future?

Answer: Lucintel forecasts that asbestos fiber counting is expected to witness the highest growth over the forecast period.

Q7. In asbestos testing market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to growing disposable income and increased construction activities in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the asbestos testing market by product type (asbestos fiber counting, asbestos in bulk materials, asbestos in soils, asbestos in drinking water, and others), application (residential, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?